We have prepared a selection of frequently asked questions.
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Maurice La Verdure: Aug 7, 2024 1:22:42 PM
Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted.
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Scott Henvey: Aug 7, 2024 1:16:42 PM
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close...
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Maurice La Verdure: Aug 7, 2024 1:15:04 PM
Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a...
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Maurice La Verdure: Aug 7, 2024 1:02:22 PM
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s...
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Scott Henvey: Aug 7, 2024 12:58:42 PM
Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections.
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Scott Henvey: Jul 8, 2024 12:57:29 PM
Employees, self-employed individuals, and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people...
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Maurice La Verdure: Jul 8, 2024 12:51:04 PM
Every type of company needs to devise a philosophy, strategy and various policies regarding compensation. Family businesses, however, face additional...
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Scott Henvey: Jul 8, 2024 12:46:28 PM
From the minute they open their doors, business owners are urged to keep a close eye on cash flow. And for good reason — even companies with booming...
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Scott Henvey: Jun 6, 2024 9:29:14 AM
Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
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Maurice La Verdure: Jun 5, 2024 2:16:55 PM
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you...
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Maurice La Verdure: May 10, 2024 9:58:20 AM
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
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Scott Henvey: May 10, 2024 9:54:15 AM
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to...
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Maurice La Verdure: May 10, 2024 9:50:33 AM
It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships...
